Eurcadbuy
EURCAD Long Term Buying Trading IdeaHello Traders
In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET
today EURCAD analysis 👆
🟢This Chart includes_ (EURCAD market update)
🟢What is The Next Opportunity on EURCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURCAD - Bearish continuation ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: After the change of character here I see price to continue bearish price action as we can see that the imbalance was almost filled and the price rejected from institutional big figure 1.49000.
Fundamental analysis: Next week we have news on EUR and CAD. On Thursday will be released Interest Rate on EUR, followed by ECB Press Conference and on Friday monthly GDP on CAD, that was forecasted to increase, this means strength in currency, which can support our analysis.
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EURCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.44000.
Fundamental analysis: Next week on Wednesday will be released Interest Rate on CAD which is forecasted to increase by 0.25%, this means strength in currency.
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EURCAD LONGPrice just took support from this year's AVWAP and pushed back up.
PD buyers pushed price up.
Sentiment line in perfect buy zone.
entry if and when price clears current POC zone and opens above it with good MACD.
1:1
note - not tagged in the position yet.
will add note once in the position.
EURCAD Buy TF H4. TP = 1.4701On the 4-hour chart, the trend started on May 18 (linear regression channel).
There is a high probability of profit. A possible take profit level is 1.4701
But do not forget about the SL = 1.4511
Using a trailing stop is also a good idea!
Good luck!
Regards, WeBelieveInTrading
EURCAD - Long active ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: As I said in my previous analysis we are bullish and I look for long from discount zone if price rejects from bullish order block. I opened a long position and my target is the imbalances higher.
Fundamental analysis: Next week we have news on CAD, on Tuesday will be released CPI, pay attention to the result in order to validate the anaylsis.
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EURCAD: Buy settupHello, as we can see, from a daily perspective EURCAD is in an uptrend, where the price broke above the daily resistance level and then made a corrective move to retest 0.5% Fibonacci retracement around 1.48500, then make another impulsive move to the upside.
In 1h, the price was moving in a falling wedge pattern before it broke out of the wedge and closed above the daily resistance level.
My bias is bullish, so I wait for the price to retest the daily support around 1.14700 before it can take off to the 1.5100 regions.
EURCAD - Long from discount zone ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.48000.
Fundamental analysis: Next week we have news on EUR, will be released Interest Rate which is expected to increase, followed by ECB Press Conference. Increased interest rate means strength in currency which could support our analysis.
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Long Position Opportunity on EURCADfundamentally,
we had today US Retail Sales Data that came out negative for the Dollar
on the technical side,
we had a great pull back on a key level
in the 15min:
-RSI divergence
in the 1h:
-hammer on a demand zone
in the 4h:
-strong trend
in the D :
-great correction on the 50% fib
EURCAD : Long Trade , 1hHello traders, we want to check the EURCAD chart in the 1-hour time frame. The price has broken the descending channel upwards and then pulled back to the descending trend line and also the key level between 1.46700 and 1.46900. We expect the price to enter a trend. May it rise and move to the specified targets. Good luck.
EURCAD buy Entry : 1.46932
Stop : 1.46179 , Target1 : 1.47685 , Target2 : 1.48437
Risk/Reward Ratio : 2
EURCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: We are here in bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.46000, as well 0.786 level of FIBO which is discount zone.
Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis.
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